Fund Manager News

November Review "I do not say that this deal is perfect - it was never going to be .... we should not let the search for the perfect Brexit prevent a good Brexit ..."  Theresa May addressing the House of Commons Market Commentary The Brexit process is messy, and is likely to get much messier soon.…

13th Dec 2018, Chris De Leva US earnings season delivers, but raises questions about future growth Key Points: Q3 US Earnings season was strong with 410 of the S&P 500 stock index beating consensus expectations. What wasn’t so strong was earnings guidance, which has led the market to downgrade future earnings expectations. While the outlook for…

In November, Russell Investments terminated Genesis from the Fund and introduced Neuberger Berman and a Russell Investments positioning strategy. Change rationale We took the opportunity to hire Neuberger Berman to add a source of targeted long- term growth exposure. Our Emerging Markets equity team has a high conviction in the excess return potential of the…

2019 Global Market Outlook: The late-late cycle show U.S. Federal Reserve tightening, trade wars, China uncertainty, Italy’s budget standoff with the European Commission and Brexit imply that 2018’s volatility should continue into 2019. We believe that 2020 marks the danger zone for a U.S. recession, which gives equity markets some upside in the year ahead.However,…

November Interest Piece Global equity markets continued to trade with an elevated level of volatility during November as investors were challenged by slowing global growth and tightening financial conditions. Despite this backdrop the New Zealand exchange was again a relative outperformer. As we head into the conclusion of 2018 with financial headlines full of references…

December 2018 Chad Slater, chief investment officer at Morphic Asset Management, talks about Federal Reserve policy, the U.S. economy, and the implications for markets. Watch video here >

3rd December 2018 SMH - Markets to rally on Trump-Xi meeting at G20 Summit Morphic's Head of Macro and Risk Geoff Wood gives his thoughts on the Trump-Xi meeting at G20 Summit ... Read the full article here >

4th December 2018 FED's Bad Santa For the last few years, the Fed has been on a largely pre-set well-telegraphed course of hikes putting the Fed in the bad camp for risk assets, particularly of late. In our office, we have switched from Secret Santa to Bad Santa. In Bad Santa, each member of the…

4th December 2018 This is to advise that the AMP Capital Investment Funds Product Disclosure Statements (PDSs) have been updated. The material amendments that have been made to the PDSs since the previous version include: Risk indicator note updated to reference the period 30 September 2018. PDS documents listed in each PDS include reference to…

October 2018 The India Avenue Equity Fund's fact sheet for the month ending October 2018 is now available for you to download. In this month's Fact Sheet, we cover the following:. Our current portfolio positioning We provide details on why we are still very confident on the long term investment opportunity that India provides despite poor performance…

Grant Hassle, Global Head of Fixed Income I am writing to let you know about some changes within the New Zealand business.  Today I have accepted the role of Global Head of Fixed Income, whereby I will be responsible for the management of over NZ$72 billion of Fixed Income funds globally. Unfortunately, this means I…

Tobacco exclusions in the Russell Investments Emerging Market Fund In response to client demand, Russell Investments have taken the decision to no longer invest directly in securities of tobacco manufacturers1 with the aim of excluding such securities from the Russell Investments Emerging Market Fund (the Fund) by year end 2018 ... Details of the expected…